Logout / Access Other products Drop Down Arrow
Get live help Monday-Friday from 7:00AM-6:00PM ET (11:00AM-10:00PM GMT)  •  Contact Us
Check out our new FAQ section!
RSS Feed
Data Revision: Australia - QNA - Re-referenced to FY 2016
Thursday, 11 Jan 2018 18:18 ET
By Jacky Cheung
Summary
December 2017 -- Concurrent with the dissemination of 2017Q3 results for the quarterly national accounts of Australia, for the chained-price subset, the source has advanced the currency reference year from FY 2015 to FY 2016; this includes GDP(E) and GDP(O) (461 quarterly series revised from 1959). This is an annual process.
Detail

The source writes (citation, 6 Dec. 2017)

This publication also includes the impact of re-referencing chain volume (CVM) estimates to the 2015-16 financial year. This in isolation will only affect levels of CVM estimates, generally leaving growth rates unchanged. Re-referencing can have an impact on CVM GDP growth (and other estimates) for the latest financial year (2016-17) if there are significant relative price changes between 2014-15 and 2015-16.

In response, we have synchronized our extract to the revised values, and amended the unit-descriptor metadata to match.

Figures are millions of Australian dollars at chained year July 2015 to June 2016 prices (Mil. Ch. Jul2015-Jun2016 AUD), or contribution to growth in percentage points (% pts.). There are three presentations: trend (Trend), seasonally adjusted (SA), or not (NSA). Start dates vary, from 1959Q3 to 1977Q3.

The series reside in the historical catalog (Australia » National Accounts » Key Aggregates | by Expenditure | by Value Added » Quarterly) and include, for example:

  • NAHEGDPTQ.IAUS     = GDP, (Mil. Ch. Jul15-Jun16 AUD, Trend)
  • NAHGVAMNAQ.IAUS    = GVA - Mining [B], (Mil. Ch. Jul15-Jun16 AUD, SA)
  • NAHGVATPSUQ.IAUS   = GVA - Transport; postal and warehousing [I], (Mil. Ch. Jul15-Jun16 AUD, NSA)
  • NA%S01%%GVAAQ.IAUS = Contribution to growth in real GVA - Agriculture; forestry; fishing [A] - Agriculture, (% pts., SA)

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Please be aware that

In Australia, many currency-valued statistics use a fiscal year as the reference period. An Australian fiscal year ("financial year" or "FY") runs from 1 July to the next 30 June, and is designated by the calendar year of the second half of the period.

Other
Related ReleaseNational Accounts [quarterly]
SourceAustralian Bureau of Statistics (ABS)
FrequencyQuarterly
GeographyAustralia
Catalog
Upcoming
Release DateReference date
05 Jun 20241Q 2024
04 Sep 20242Q 2024